Mervyn's Holdings requests three-month exclusivity period extension

By Caroline Salls

Pittsburgh, May 20 - Mervyn's Holdings, LLC is seeking an extension to its exclusive periods to file a plan of liquidation and to solicit votes on the plan, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive plan-filing period to Aug. 23 from May 25 and the solicitation period to Sept. 22 from June 24.

According to the motion, Mervyn's needs more time to complete the liquidation of its assets and proceed with potential causes of action that will maximize recovery for its creditors.

A hearing is scheduled for June 25.

Mervyns, a San Francisco-based department store, filed for bankruptcy on July 29, 2008. Its Chapter 11 case number is 08-11586.

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